Kyocera Corporation (KYOCF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kyocera Corporation stock $12.58, price $19.15, that is 34.3% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $1.14 – $25.37 · fair‑value band $8.80 – $14.44 · the $19.15 price screens above the $12.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kyocera Corporation develops and sells products based on fine ceramic technologies in Japan, China, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments.
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The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to semiconductor, industrial machinery, automotive, and information and communication-related markets; optical components; jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.
The Electronic Components Business segment provides sensors and control components; and various electronic components and devices, including capacitors, crystal devices, connectors, and power semiconductor devices for diverse fields comprising information and communications, industrial equipment, automotive, and consumer-related markets.
The Solutions Business segment offers cutting tools, as well as pneumatic and power tools for automotive-related and general industrial, and construction markets; printers for commercial and industrial uses; and communication terminals, such as mobile phones, as well as solution services, ICT solution, and engineering services; also provides MFPs, commercial inkjet printers, communication modules, displays, and printing devices, as well as smart energy-related products and services, and solution services, such as document management system.
The company was formerly known as Kyoto Ceramic Kabushiki Kaisha and changed its name to Kyocera Corporation in 1982. Kyocera Corporation was incorporated in 1946 and is headquartered in Kyoto, Japan.
Stock analysis
Kyocera Corporation (KYOCF) currently trades at $19.15, while our model-based Fair Value estimate is $12.58, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $40.60 per share, and 1 of the 12 models we run sit above the $19.15 price.
Bear case: the Dividend Discount group reads lowest at $6.06, and 11 of the 12 models stay below the price. Data coverage for this calculation is high.
Scenario range: $8.80 (bear) to $14.44 (bull), the price of $19.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kyocera Corporation reported revenue of ¥2.1T in FY2026 versus ¥1.8T in FY2022, a compound +3.2%/yr. Reported net income was ¥142B in FY2026, compounding −1.1%/yr from FY2022.
Key figures
Market cap $24.3B Large · P/E ratio 28.2 · P/S ratio 1.92 · EPS (TTM) $0.6800 · Dividend yield 1.7% · Net margin 6.8% · Return on equity 5.1% · Return on assets (EBIT) 2.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −34%, KYOCF screens richer than that median.
Fair Value models
Bear$8.80Fair Value $12.58Bull$14.44
Price $19.15 · Downside -34.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($0.2140 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Start year 2021 (pandemic). Over 10 years: +3.5% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.7%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.0% vs −10.0%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 6%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 9.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +22.0% a year for the price and +1.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Stable cash conversion stands out as Kyocera's main strength within its conglomerate operations, while low ROE and margins limit pricing power across ceramics and electronics.
Main risk: Named competitors such as ROHM, Shandong Hualing and Toshiba Hokut could capture share in thermal printheads for logistics labels and force lower prices or margins on Kyocera's specialized cold-chain products.
Bull case: Kyocera could leverage its new multilayer ceramic substrates for AI semiconductors and expand the KMH printhead range into broader logistics and healthcare applications to offset competitive pressure in any single segment.
Bear case: If Asian rivals gain ground in thermal printheads while supplier issues raise costs, the niche cold-chain advances might remain confined to one division and fail to lift overall conglomerate results amid ongoing segment pressures.
Kyocera starts mass production this month of its KMH Series thermal printheads built for stable performance in refrigerated and frozen logistics environments. The move targets niche demand in cold-chain operations for labels and barcodes. As a broad conglomerate its ceramics and electronics segments face different pressures. Will these specialized printing advances lift overall results more than they stay contained to one division?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 305 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−34.3% · Bottom 25%
Profitability
Return on equity (12 months)5.1% · Below median
Return on assets3.0% · Below median
Net margin (12 months)7.8% · Above median
Operating margin (12 months)9.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.9% · Above median
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kyocera Corporation Fair Value". https://www.fairvalue-calculator.com/stock/KYOCF
Frequently asked questions
Is Kyocera Corporation (KYOCF) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $12.58 versus a price of $19.15, about 34% lower (overvalued).
What is the fair value of KYOCF?
Our model-based fair value for Kyocera Corporation is $12.58 (as of Nov 6, 2026), built from audited fundamentals. The current price: $19.15.
What is the quality score of KYOCF?
Kyocera Corporation has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kyocera Corporation (KYOCF)?
Our model-based price target is the fair value of $12.58 (as of Nov 6, 2026) from 12 valuation models. Cautious scenario $8.80, optimistic scenario $14.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyocera Corporation stock forecast for 2026?
Our models put fair value at $12.58, about 34% lower versus a price of $19.15 (overvalued). Cautious scenario $8.80, optimistic scenario $14.44. The calculation is refreshed regularly with new filings.
What is the revenue of Kyocera Corporation (KYOCF)?
Kyocera Corporation reported trailing-twelve-month revenue of about ¥2.1T (latest available figure, as of Nov 6, 2026).
Does Kyocera Corporation pay a dividend?
Kyocera Corporation currently shows a dividend yield of 1.71% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kyocera Corporation (KYOCF) and when is the ex-dividend date?
Kyocera Corporation pays a dividend of $0.328 per share a year, a dividend yield of 1.7%. The next ex-dividend date is Mar 30, 2027. A dividend has been paid every year since at least 2001. The payout ratio is 46.5% of earnings. Free cash flow covers the dividend 1.02 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Kyocera Corporation (KYOCF)?
For today's price to be fair in a discounted-cash-flow model, Kyocera Corporation would have to grow free cash flow by +24.6 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of KYOCF use?
Our models discount Kyocera Corporation at 8.1 %: a base by market capitalisation (large), damped by beta 0.46, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kyocera Corporation that is +24.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Kyocera Corporation (KYOCF) delivered so far?
Over the past 5 years revenue at Kyocera Corporation grew +6.4 % a year. The price currently implies free-cash-flow growth of +24.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kyocera Corporation (KYOCF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Kyocera Corporation (+24.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kyocera Corporation (KYOCF)?
The free-cash-flow yield on the price is 1.62 %: that much free cash flow Kyocera Corporation produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kyocera Corporation (KYOCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyocera Corporation it is $12.58 per share (as of Nov 6, 2026), against a price of $19.15. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Kyocera Corporation stock overvalued or undervalued in 2026?
As of Nov 6, 2026, KYOCF trades above its calculated fair value: price $19.15, fair value $12.58, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KYOCF?
No. The price is what the market pays today ($19.15); the fair value is what the company's own numbers justify ($12.58). For Kyocera Corporation the two are $6.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyocera Corporation worth?
The market values Kyocera Corporation at about $24.3B (market capitalisation, as of Nov 6, 2026). Per share that is $19.15; our models calculate a fair value of $12.58 per share.
What do the bullish and bearish scenarios say about KYOCF?
Our models span a range for Kyocera Corporation: cautious scenario $8.80, base $12.58, optimistic $14.44 per share (as of Nov 6, 2026, price $19.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KYOCF?
Kyocera Corporation trades at a price-to-earnings ratio of 28.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.58 is built from several models across several years. Other multiples: PEG 1.5, P/B 1.1, P/S 1.8, EV/EBITDA 13.6.
What is the PEG ratio of KYOCF?
The PEG ratio of Kyocera Corporation is 1.49 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kyocera Corporation (KYOCF)?
Balance-sheet figures for Kyocera Corporation (as of Nov 6, 2026): return on equity 5.1%, debt of 0.06 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is KYOCF from its 52-week high?
Kyocera Corporation trades at $19.15, about 25% below its 52-week high of $25.37 and 48% above the low of $12.95 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $12.58 is for.
Which stocks are comparable to Kyocera Corporation?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kyocera Corporation stock attractive at the current price?
The data as of Nov 6, 2026: price $19.15, calculated fair value $12.58 (−34%), Quality Score 58/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KYOCF calculated?
We run Kyocera Corporation through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $12.58 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Kyocera Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kyocera Corporation (KYOCF)?
The closing price on Nov 6, 2026 was $19.15. Our model-based fair value is $12.58, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyocera Corporation right now?
The price sits above even our optimistic bull case ($14.44). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Kyocera Corporation (KYOCF) come from?
Earnings per share at Kyocera Corporation grew −15.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share −10.7 %, EBIT margin −5.6 %, tax rate −1.5 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kyocera Corporation
How large is the market capitalisation of Kyocera Corporation (KYOCF)?
The market capitalisation of Kyocera Corporation is $24.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kyocera Corporation (KYOCF)?
The price-to-sales ratio of Kyocera Corporation is 1.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kyocera Corporation (KYOCF)?
Earnings per share at Kyocera Corporation are $0.6800 (price ÷ EPS = P/E 28.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kyocera Corporation (KYOCF)?
The dividend yield of Kyocera Corporation is 1.7% (payout 48.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kyocera Corporation (KYOCF)?
The net margin of Kyocera Corporation is 6.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kyocera Corporation (KYOCF)?
The return on equity (ROE) of Kyocera Corporation is 5.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kyocera Corporation (KYOCF)?
On an EBIT basis the return on assets of Kyocera Corporation is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kyocera Corporation (KYOCF)?
The operating margin of Kyocera Corporation is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyocera Corporation (KYOCF)?
Revenue at Kyocera Corporation is growing +9.9% versus a year earlier (3y avg +0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kyocera Corporation (KYOCF)?
Earnings per share at Kyocera Corporation are growing +75.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kyocera Corporation (KYOCF) hold?
Kyocera Corporation holds more cash than debt, ¥124B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026